Asian shares edge up, bolstered by modest gains on Wall Street
TOKYO (Reuters) - Asian shares edged higher on Tuesday, taking solace from modest gains on Wall Street even as investors remained wary ahead of the annual central banking conference in Jackson Hole later this week.Source: Reuters: Business News | 22 Aug 2017 | 1:00 pm(NZT)
DealBook: Even Business Leaders Who Abandoned Trump’s Councils May Not Stray Far
Despite their symbolic moves, many C.E.O.s will continue to advocate positions in person and through lobbyists, while people in Mr. Trump’s inner circle face a harder decision.Source: NYT > Business Day | 22 Aug 2017 | 12:51 pm(NZT)
Publisher and Top Editors Ousted at Los Angeles Times in Leadership Shake-Up
Tronc, the paper’s parent company, installed Ross Levinsohn, a former executive at Fox and Yahoo, as the publisher and chief executive of The Times.Source: NYT > Business Day | 22 Aug 2017 | 12:36 pm(NZT)
China firms lose appetite for Hong Kong assets after Beijing tightens capital controls
Mainland Chinese companies, the big money behind Hong Kong’s real estate market since 2015, will see a decline in their investment appetite for the city’s assets following Beijing’s tighter capital controls on overseas investments, pushing down property prices over the medium term, say analysts. Even though individual mainland Chinese buyers accounted for only 4 per cent of total residential transaction volumes in the last 12 months, the biggest impact of the tighter policy...Source: South China Morning Post - Business feed | 22 Aug 2017 | 12:00 pm(NZT)
Ford announces £2,000 scrappage scheme for pre-2010 cars
The car maker is offering £2,000 off a new car in a scheme it says will have 'an immediate effect' on air quality.Source: BBC News - Business | 22 Aug 2017 | 11:04 am(NZT)
Righting wrongs
Food firm Dr Oetker, says others should follow it and give back art they own that was looted by the Nazis from Jewish owners.Source: BBC News - Business | 22 Aug 2017 | 11:03 am(NZT)
Digital life after death?
Start-ups are beginning to swoop in on the death and funerals sector to shake up a staid industry.Source: BBC News - Business | 22 Aug 2017 | 11:00 am(NZT)
Hedge fund manager Dalio cuts risk amid worries about Washington
BOSTON (Reuters) - Billionaire investor Ray Dalio, who has been expressing concerns about President Donald Trump in recent months, said on Monday he was cutting some of his exposure during a time of growing political and economic divisions.Source: Reuters: Business News | 22 Aug 2017 | 10:44 am(NZT)
Identity Thieves Hijack Cellphone Accounts to Go After Virtual Currency
So-called phone porting attacks are exposing a vulnerability that could be exploited against anybody with valuable emails or other digital files.Source: NYT > Business Day | 22 Aug 2017 | 10:41 am(NZT)
Coal Mining Health Study Is Halted by Interior Department
The study, begun under the Obama administration, was examining the health and environmental impacts of mountaintop-removal coal mining in Appalachia.Source: NYT > Business Day | 22 Aug 2017 | 10:17 am(NZT)
J&J ordered to pay $417 million in trial over talc cancer risks
(Reuters) - A California jury on Monday ordered Johnson & Johnson to pay $417 million to a woman who claimed she developed ovarian cancer after using the company's talc-based products like Johnson's Baby Powder for feminine hygiene.Source: Reuters: Business News | 22 Aug 2017 | 10:09 am(NZT)
China's Great Wall confirms interest in Fiat Chrysler
SHANGHAI/WASHINGTON (Reuters) - A direct overture by Chinese automaker Great Wall Motor Co Ltd to Italian-American automaker Fiat Chrysler Automobiles NV sent FCA shares up sharply on Monday, as investors cheered the potential sale of the storied Jeep brand.Source: Reuters: Business News | 22 Aug 2017 | 10:05 am(NZT)
Apple Pay stimulates once moribund Hong Kong mobile payments market
More than a year since rolling out its service in Hong Kong, Apple Pay now finds itself competing in a crowded mobile payments market that had total transactions of HK$17.9 billion in stores and HK$11.6 billion online in the city during the first quarter of this year. Experts said the state of mobile payment services in the city saw a rapid transformation after Apple Pay entered the market in July last year, as rival smartphone offerings affiliated with major brands like Samsung Pay, Android...Source: South China Morning Post - Business feed | 22 Aug 2017 | 10:00 am(NZT)
Sempra Bid Tops Buffett and Singer in Race for Energy Future
The California-based energy company has agreed to pay $9.45 billion for the bankrupt power giant, the subject of a tussle between two billionaire investors.Source: NYT > Business Day | 22 Aug 2017 | 9:59 am(NZT)
Macy's to restructure merchandising unit, cut 100 jobs
(Reuters) - Department store chain Macy's Inc said on Monday it would restructure its merchandising operations, which could result in about 100 job cuts.Source: Reuters: Business News | 22 Aug 2017 | 9:58 am(NZT)
Johnson & Johnson faces $417m payout in latest talc case
The payout - to a woman who developed ovarian cancer - is the largest award so far against the firm.Source: BBC News - Business | 22 Aug 2017 | 9:31 am(NZT)
Co-operative Group's stake in Co-op bank to fall to 1%
Shareholders back a £700m rescue deal that will cut the Co-op Group's stake in the Co-op Bank.Source: BBC News - Business | 22 Aug 2017 | 8:49 am(NZT)
Dollar slides because of tensions in North Korea
The dollar slumped on Monday amid geopolitical tension in North Korea, as investors braced for the annual central banking conference in Jackson Hole this week where the world’s top central bankers may signal their next policy actions. The US currency has fallen for four straight sessions against the safe-haven yen, prized for its liquidity in times of market stress. It has underperformed so far this year amid generally lacklustre US data and a Federal Reserve that has stuck to a gradual...Source: South China Morning Post - Business feed | 22 Aug 2017 | 7:57 am(NZT)
Kerry Properties posts 98pc jump in interim profit
Major developer Kerry Properties gave an optimistic outlook on the prospect of the year’s second half, after posting a 98 per cent rise in underlying interim profit as the back of a surge in flats delivery from a Hong Kong project. The company recorded a net profit from underlying operations of HK$2.83 billion (US$362 million) in the year’s first six months, up from HK$1.43 billion in the same period last year, it said in a filing to Hong Kong’s bourse on Monday. It amounted...Source: South China Morning Post - Business feed | 22 Aug 2017 | 2:30 am(NZT)
China’s Great Wall eyes Jeep brand, but Fiat Chrysler denies being approached
Great Wall Motor, China’s largest maker of sports utility vehicles has said that it was interested in acquiring the Jeep brand from Fiat Chrysler Automobiles (FCA), though the Italian-US company has denied that it has received an approach. China media reports emerged on Monday afternoon that Great Wall was considering a bid for Jeep, the most profitable part of FCA. Great Wall board secretary Xu Hui told the South China Morning Post on Monday evening that the company was in the process of...Source: South China Morning Post - Business feed | 22 Aug 2017 | 1:14 am(NZT)
Norfolk: Relaxation and Royals, Beaches and Big Skies
Norfolk, in the East of England, offers the opportunity to stay in luxury hotels, explore unspoiled countryside and spot the Royals in their natural habitat.Source: Forbes Real Time | 24 Feb 2017 | 1:50 am(NZT)
Solar Jobs Aren't What They're Cracked Up To Be
Solar advocates point to the number of jobs created by the industry, but it's actually a sign of labor inefficiency. It takes a lot more jobs to produce a given amount of solar energy than oil or natural gas do.Source: Forbes Real Time | 24 Feb 2017 | 1:46 am(NZT)
France's PSA Profits Strengthen GM Europe Takeover Position, But Hurdles Are Huge
France’s PSA Group bolstered its ability to buy General Motors’ European subsidiaries Opel-Vauxhall with its latest profit performance, but given the plan probably requires big job cuts, notably in politically sensitive Germany, a deal must be regarded as unlikely.Source: Forbes Real Time | 24 Feb 2017 | 1:34 am(NZT)
The Best Video Games Of 2016
Source: Forbes Real Time | 24 Feb 2017 | 1:30 am(NZT)
Sony's 2017 Lineup Of PS4 Exclusives Is Insanely Amazing
Sony isn't pulling any punches when it comes to exclusive PS4 content in 2017.Source: Forbes Real Time | 24 Feb 2017 | 1:30 am(NZT)
Auto union courts Tesla workers, amplifies 'buy American' message
By Joseph White DETROIT (Reuters) - United Auto Workers President Dennis Williams said on Thursday the union is contacting workers at Silicon Valley electric car maker Tesla Inc , and plans to boost efforts to convince U.S. consumers not to buy vehicles built in other countries, including those sold by the Detroit automakers. The UAW leader also used a meeting with reporters to praise President Donald Trump for calling on companies to produce more products in the United States, and promising to rework the North American Free Trade Agreement. ...
Source: Business News Headlines - Yahoo! News | 17 Feb 2017 | 9:47 am(NZT)
Snap lowers valuation expectations in highly awaited IPO
Snap Inc , owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concerns over its unproven business model, slowing growth and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion. The lower valuation range reflected initial investor feedback, as well as Snap's aim to ensure there is sufficient demand for shares of the company that it trades up on its first day in public market.
Source: Business News Headlines - Yahoo! News | 17 Feb 2017 | 9:20 am(NZT)
Wall Street rally loses steam as banks and energy weigh
(Reuters) - Wall Street dipped on Thursday, weighed down by energy stocks as oil prices dropped and banks fell broadly for the first time in six days.
Source: Business News Headlines - Yahoo! News | 17 Feb 2017 | 8:40 am(NZT)
German minister backs Peugeot-Opel deal after GM assurances
By Pamela Barbaglia and Ilona Wissenbach LONDON/FRANKFURT (Reuters) - Germany expects PSA Group's proposed acquisition of General Motors' Opel business to go ahead, a minister said on Thursday, after the U.S. carmaker sought to allay fears of large-scale plant closures. "I expect it to take place," Economy Minister Brigitte Zypries told reporters after discussions with senior executives from General Motors and PSA, maker of Peugeot and Citroen cars. The German government is "doing everything we can" to preserve Opel's domestic plants, Zypries said.
Source: Business News Headlines - Yahoo! News | 17 Feb 2017 | 8:34 am(NZT)
Newspapers aim to ride 'Trump Bump' to reach readers, advertisers
By Jessica Toonkel NEW YORK (Reuters) - The Trump administration's combative view of traditional news media as the "opposition party" and "fake news" is turning out to be the best hope in 2017 for newspapers struggling to attract more digital readers and advertisers. The New York Times , the Financial Times, The Wall Street Journal and Gannett Co are building on the online readership they gained during the 2016 presidential election by marketing unbiased reporting as a sales strategy. The New York Times, which President Donald Trump has referred to as "failing" in his Twitter messages, added a record 276,000 digital news subscribers in the last quarter and sees digital ad revenue up 10 to 15 percent in the current quarter.
Source: Business News Headlines - Yahoo! News | 17 Feb 2017 | 8:20 am(NZT)
Will the next iPhone charge wirelessly?
The days of plugging in an iPhone to charge won't last forever.Source: World business news - CNNMoney.com | 14 Feb 2017 | 8:42 am(NZT)
How 'America First' could turn into to 'India First'
Nandan Nilekani, co-founder of one of India's biggest outsourcing companies, says an H-1B visa crackdown would ultimately hurt the U.S.Source: World business news - CNNMoney.com | 14 Feb 2017 | 8:20 am(NZT)
Mexico ready to retaliate by hurting US farmers
Mexican Senator Armando Rios Piter told CNN that he plans to introduce a bill this week that would stop Mexican purchases of American corn.Source: World business news - CNNMoney.com | 14 Feb 2017 | 6:37 am(NZT)
Stocks hit record again. Is Trump the reason?
The market is at all-time highs and many say Trump is the reason. But stocks were rallying when investors thought Hillary Clinton would win. Janet Yellen and the Fed may deserve more of the credit for the market's move.Source: World business news - CNNMoney.com | 14 Feb 2017 | 6:35 am(NZT)
Apple stock nears record high
Apple stock is less than $1 away from its all-time high amid renewed optimism for the iPhone.Source: World business news - CNNMoney.com | 14 Feb 2017 | 6:24 am(NZT)